News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

IPOs

Goldman and Morgan Stanley to lead $1bn Saudi IPO

Listing of shopping centre group could be the kingdom’s largest since 2014

An artist’s impression of University Avenue, King Saud University, Riyadh - one of Arabian Centres’ real estate developments
An artist’s impression of University Avenue, King Saud University, Riyadh - one of Arabian Centres’ real estate developments Photo: Arabian Centres

Several big US and European investment banks have lined up to advise a Saudi Arabian property company on what could be the kingdom’s largest stock market listing in years.

Arabian Centres, which builds and runs shopping centres in Saudi Arabia, said on April 16 that it plans to hold an initial public offering on the main market of the Saudi stock exchange, floating 20% of its share capital.

WSJ Logo